Storyline
Ventures Platform's $84M Fund II Closes
Timeline
- Tue, Sep 1LatestUnverified — not yet reviewed
Ventures Platform Closes $84M Fund II Above Target in Down Market
Ventures Platform has closed its second pan-African fund at $84 million, above its original target, in what is described as one of Africa's largest early-stage fund closes of the current global venture slowdown. The close is noted as a landmark for African seed funding.
- Fri, Aug 28Unverified — not yet reviewed
Ventures Platform Closes $84 Million Pan-African Fund II Above Target
Ventures Platform has closed its second pan-African fund at $84 million, above its original target, with the European Bank for Reconstruction and Development joining as the first institutional LP of its kind for the fund. The oversubscribed close is described as one of Africa's largest early-stage fund closes of the current down cycle for global venture capital.
- Thu, Aug 27Unverified — not yet reviewed
Ventures Platform Closes $84 Million Fund II, Nearly Double Its First
Ventures Platform has closed its second fund at $84 million, nearly double the size of its first, with the European Bank for Reconstruction and Development joining as the first pan-African institutional LP. The fund was oversubscribed, closing above its target in a down cycle for global venture capital, and is described as the largest pan-African early-stage fund close of the current cycle.